March 2021 Retirement Board Meeting

Pursuant to Governor Baker’s March 12, 2020 Order Suspending Certain Provisions of the Open Meeting Law, G.L. c. 30A, §18, and the Governor’s March 15, 2020 Order imposing strict limitations on the number of people that may gather in one place, this meeting of the Plymouth Retirement Board is being conducted via remote participation. No in-person attendance of members of the public will be permitted, but every effort will be made to ensure that the public can adequately access the proceedings as provided for in the Order.

Any member of the public that wishes to join the Plymouth Retirement Board Meeting remotely may call the Retirement Office at (508) 830-4170 or send an email to:

karry@plymouthretirement.com

Section I: Regular Business:

Minutes:

Minutes of December 18, 2020                                  Regular Meeting

Minutes of December 18, 2020                                  Executive Session

Minutes of January 29, 2021                                      Regular Session

Minutes of January 29, 2021                                      COLA Vote

Minutes of January 29, 2021                                      Executive Session

Warrants:

Warrant #1 Dated January 31, 2021                                       $ 3,362,294.62 Final

Warrant #2 Dated February 28, 2021                                     $ 2,419,549.54 Partial

Warrant #3 Dated March 31, 2021                                         $ 1,214, 530.22 Partial

Warrant #4 Dated April 30, 2021                                           $         6,365.40 Partial

Trial Balance as of January 31, 2021                         $ 214,200,125.07                                    

January 2021 Accounting Reports Presented to Board for Review:

Trial Balance

Cash Receipts

Cash Disbursements

Adjustments

Rockland Trust Statements: Money Market & Checking Acct

Treasurer’s Reconciliation – Money Market & Checking Acct

Public Comment:

New/Old Business:

PERAC Memos:

Memo #11/2021:         Benefit Calculation Submissions Via PROSPER

Memo #12/2021:         Tobacco Company List

2020 PERAC Annual Statement:

2020 PERAC Annual Statement for Board review and vote.

2021 Annual Vendor Disclosures submitted to PERAC:

Acadian

Aristotle

Barings

Berman Tobacco

Boston Partners

Boston Trust

Columbia Threadneedle

DiMeo Schneider

Invesco

People’s United Bank

Rhumbline Advisors

Robbins, Geller, Rudman & Dowd

Scott & Scott Attorneys at Law

Wellington Management

Westfield Capital

Investments:

Anthony Tranghese from DiMeo Schneider & Associates, L.L.C will review the February Flash Report, allocation and performance.

Manager Interviews:

BlackRock

Brandywine

Section II: Membership:

Option D Survivor Benefits:

Joseph McKenna, widow of Nicole McKenna, School Department Student Services Secretary, deceased February 24, 2021, has applied for Option D benefits, $6,000/year.

New Hires:

Town:

Gardner, Ashley, Group 1, Dispatcher

Perm. Full-time: $831.16 weekly

Start Date: March 22, 2021

Scalia, Jessica, Group 1, Administrative Secretary-Collector/Treasurer

Perm. Full-time: $798.28 weekly

Start Date: March 24, 2021

Washburn, Nimue, Group 1, Dispatcher

Perm. Full-time: $831.16 weekly

Start Date: March 15, 2021

School:

Meehan, Paul, Group 1, Custodian

Perm. Full-time: $1,685.60 bi-weekly

Start Date: March 15, 2021

Refunds:

Town:

Back, Derek, Group 4, Police Officer

Six (6) Years, Eight (8) Months Creditable Service (1/31/2013-10/7/2019)

Total Refund Including FWT: $22,961.08

Rollovers:

Town:

Back, Derek, Group 4, Police Officer

Six (6) Years, Eight (8) Months Creditable Service (1/31/2013-10/7/2019)

Total Rollover Amount: $34,441.60

Transfers:

PHA:

Lawson, Todd, Group 1, Maintenance Supervisor

Five (5) Years, Seven (7) Months Creditable Service (12/3/2012-11/27/2020)

Total Transfer to Massachusetts Housing Finance Agency: $58,795.38

Buybacks:

School:

Shain, Karen, Group 1, Facilities Secretary, has requested to purchase three (3) years, six (6) months of prior service with the School Department from January 6, 2014 through November 15, 2020.  Total Buyback Amount: $5,886.70.

Retirements:

Town:

McAuliffe, Albert, P., Group 1, Director of Inspectional Services

Twenty-three (23) Years, Seven (7) Months of Creditable Service

Superannuation Retirement: opt c

Retirement Date: April 16, 2021

Executive Session:

Pursuant to MGL Chapter 30A, Section 21 (a)(3), the Board will enter into Executive Session to discuss ongoing litigation.

Pursuant to MGL Chapter 30A, Section 21 (a)(1). The Board will enter into executive session to vote a Regional Medical Panel for the Accidental Disability Application of Sandra Patrician.